- Temasek-backed 65 Equity Partners invests $74M in advanced manufacturer Hi-P.
- Hi-P serves blue-chip clients like Amazon, Apple, and Dyson.
- The company plans to work towards a potential public listing in the future.
Hi-P scores big win 65 equity partners!
Advanced manufacturing service provider Hi-P has secured a S$100 million (US$74.1 million) investment from Temasek-backed 65 Equity Partners through the Local Enterprise Fund.
Hi-P and 65 Equity Partners will collaborate on a new strategic focus and leadership succession to accelerate growth and sustainability.
65 Equity Partners CEO Tan Chong Lee expressed confidence in Hi-P’s established market position and robust track record as a leading advanced manufacturer in Asia, serving a diverse blue-chip customer portfolio, including top global players in their respective industries.
Hi-P provides advanced manufacturing, production, assembly, testing, and packaging services for customers such as Amazon, Apple, and Dyson.
Hi-P’s next big adventure
As part of the investment, Hi-P will work toward a potential public listing in the future. The company, which delisted from the Singapore Exchange in 2021, is considering a dual listing in Hong Kong or the US.
Executive Chairman Yao Hsiao Tung expressed excitement about Hi-P’s prospects and looks forward to collaborating 65 Equity Partners to refine their business strategy.
To read the original article: https://www.techinasia.com/temasekbacked-investment-firm-pours-74m-advanced-manufacturer-hip
